· |
we
have right to utilize certain proprietary technology for the manufacture,
design, creation, sale or use of a water cooler (“Water Machine”) which
manufactures distilled water from ambient
air;
|
· |
the
term of the license is in perpetuity;
|
· |
the
territory in which we are allowed to exploit the license is all countries
in the world;
|
· |
the
license in non-exclusive; and
|
· |
we
do not have the right to sublicense the technology to
others.
|
Date<?xml:namespace
prefix = o ns = "urn:schemas-microsoft-com:office:office"
/>
|
Name
|
Number
of
Shares
|
Consideration
|
January
28,
2002
|
Antonio
F. Uccello,
III
|
1,000
|
$5,000
|
January
1,
2003
|
GO!
Agency,
LLC
|
7,959,000
|
(1)
|
June
1,
2003
|
Stephen.
MacNamara
|
30,000
|
$4,500
|
September
30,
2003
|
Nelson
J.
Martin
|
10,000
|
Services-$15,000
|
October
8,
2003
|
Abraham
Uccello,
Trustee
of
the
Candlelight
Non-
Grantor
Trust
|
10,000
|
$15,000
|
October
31,
2003
|
Henry
Eldon
Sinsel
|
10,000
|
$15,000
|
November
11,
2003
|
Raimo
Vitikainen
|
20,000(1)
|
$30,000
|
November
12,
2003
|
William
J.
Hone
|
40,000
|
$60,000
|
November
14,
2003
|
Salvatore
Uccello,
Jr.
|
10,000
|
Services-$15,000
|
November
17,
2003
|
Lynda
Melnick
|
20,000
|
$30,000
|
November
17,
2003
|
American
Powerhouse,
Inc.
|
300,000
|
(2)
|
November
20,
2003
|
Roger
P.
Nelson
|
20,000
|
$30,000
|
November
24,
2003
|
Christopher
Stender
|
10,000
|
Services-$15,000
|
December
8,
2003
|
Jerry
Hanson
|
10,000
|
Services-$15.000
|
December
8,
2003
|
Marcus
Faller
|
10,000
|
Services-$15,000
|
April
3,
2004
|
Thomas
F.
Pepin
Limited
Partnership
|
66,667
|
$100,000
|
May
5,
2004
|
Roger
P.
Nelson
|
66,667
|
$100,000
|
Total
|
|
8,593,334(3)
|
$404,500
|
|
|
2005
|
|
2004
|
|
|
|
|
|
Total
Revenue
|
|
$
1,491,854
|
|
$
1,361,962
|
Total Cost of Goods
Sold
|
|
$
204,211
|
|
$
186,448
|
Gross
Profit
|
|
$
1,287,643
|
|
$
1,175,514
|
Total Operating
Expenses
|
|
$
887,307
|
|
$
1,101,176
|
Net Income Before
Other
Income
(Expense)
|
|
$
400,336
|
|
$
74,338
|
Other Income
(Expense)
|
|
$
24,672
|
|
$
(82,253)
|
Net Income (Loss)
Applicable To
Common
Shares
|
|
$
425,008
|
|
$
(7,915)
|
Net Income (Loss)
Per Basic
And Diluted Shares
|
|
$
0.05
|
|
$
(0.00)
|
Weighted Average
of Common
Shares Outstanding
|
|
8,460,000
|
|
8,406,000
|
Total
Assets
|
|
$
1,040,195
|
|
$
771,057
|
Total
Liabilities
|
|
$
500,674
|
|
$
656,544
|
Stockholders’ Equity
(Deficit)
|
|
$
539,521
|
|
$
114,513
|
AT
DECEMBER 31:
|
|
2005
|
|
2004
|
|
||
Current
assets
|
|
$
|
27,252
|
|
$
|
646,502
|
|
Current
liabilities
|
|
467,909
|
|
498,170
|
|
||
Working
capital
|
|
$
|
(440,657
|
)
|
$
|
148,332
|
|
Current
ratio
|
|
|
0.06
|
|
|
1.30
|
|
FOR
THE YEARS ENDED DECEMBER 31:
|
|
2005
|
|
2004
|
|
||
Net
cash provided by/(used
in):
|
|
|
|
|
|
||
Operating
activities
|
|
$
|
1,118,599
|
|
$
|
76,037
|
|
Investing
activities
|
|
(946,156
|
)
|
(63,141
|
)
|
||
Financing
activities
|
|
(176,543
|
)
|
(53,612
|
)
|
||
Net
increase (decrease) in cash and cash
equivalents
|
|
$
|
(4,100
|
)
|
$
|
(40,716
|
)
|
AT
DECEMBER 31:
|
|
2005
|
|
2004
|
||
Current
assets
|
|
$
|
27,252
|
|
$
|
646,502
|
AT
DECEMBER 31, 2005:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1-30
|
|
31-60
|
|
61-90
|
|
>
90
|
|
TOTAL
|
|
TOTALS
|
|
$(707,565)
|
|
$681
|
|
$702,160
|
|
$4,724
|
|
$0
|
AT
DECEMBER
31,
2004:
|
|
|
|
|
|
|
|
|
|
|
|
|
1-30
|
|
31-60
|
|
61-90
|
|
>
90
|
|
TOTAL
|
TOTALS
|
|
$7,781
|
|
$5,046
|
|
-
|
|
$1,037,751
|
|
$1,050,578
|
AT
DECEMBER 31, 2005:
|
|
2005
|
|
2004
|
||
Non-current
assets
|
|
$
|
1,012,943
|
|
$
|
124,555
|
Long-term
debt
|
|
$
|
32,765
|
|
$
|
158,374
|
AT
DECEMBER 31:
|
2005
|
|
2004
|
||
Current
debt due to related
parties
|
$
|
8,319
|
|
$
|
109,761
|
Long-term
debt due to related
parties
|
$
|
-
|
|
$
|
107,190
|
Total
debt due to related
parties
|
$
|
8,319
|
|
$
|
216,951
|
AT
DECEMBER 31:
|
|
2005
|
|
2004
|
||
Current
portion of long term
debt
|
|
$
|
18,420
|
|
$
|
18,420
|
Long-term
debt
|
|
|
32,765
|
|
|
51,184
|
Total
debt due to unrelated
parties
|
|
$
|
51,185
|
|
$
|
69,604
|
AT
DECEMBER 31, 2005:
|
2005
|
|
2004
|
||
Current
portion of debt due to related
parties
|
$
|
8,319
|
|
$
|
109,761
|
Long-term
debt due to related
parties
|
|
-
|
|
|
107,190
|
Current
portion of long term debt due to unrelated
parties
|
|
18,420
|
|
|
18,420
|
Long-term
debt due to unrelated
parties
|
|
32,765
|
|
|
51,184
|
Total
Debt
|
$
|
59,504
|
|
$
|
286,555
|
AT
DECEMBER 31, 2005:
|
|
2005
|
|
2004
|
Additional
paid-in
capital
|
$
|
671,700
|
$
|
671,700
|
AT
DECEMBER 31, 2005:
|
|
2005
|
|
2004
|
Stockholders’
equity
(deficit)
|
$
|
539,521
|
$
|
114,513
|
FOR
THE YEARS ENDED DECEMBER 31, 2005 AND
2004:
|
|
2005
|
|
2004
|
|
||
Net
cash provided by/(used
in):
|
|
|
|
|
|
||
Operating
activities
|
|
$
|
1,118,599
|
|
$
|
76,037
|
|
Investing
activities
|
|
(946,156
|
)
|
(63,141
|
)
|
||
Financing
activities
|
|
(176,543
|
)
|
(53,612
|
)
|
||
Net
increase (decrease) in cash and cash
equivalents
|
|
$
|
(4,100
|
)
|
$
|
(40,716
|
)
|
|
|
TOTAL
CONTRACTUAL PAYMENT STREAM |
|
PAYMENTS
DUE IN:
|
|
|||||||||||
CONTRACTUAL
OBLIGATIONS
|
|
|
2006
|
|
2007
|
|
2008
|
|
2009
|
|
||||||
Long-term
debt
obligations
|
|
$
|
51,185
|
|
$
|
18,420
|
|
$
|
18,420
|
|
$
|
14,345
|
|
$
|
-
|
|
Long-term
debt due to related
parties
|
|
-
|
|
-
|
|
-
|
|
-
|
|
-
|
|
|||||
Operating
lease
obligations
|
|
100,680
|
|
-
|
|
-
|
|
50,340
|
|
50,340
|
|
|||||
Total
|
|
$
|
151,865
|
|
$
|
18,420
|
|
$
|
18,420
|
|
$
|
64,685
|
|
$
|
50,340
|
|
|
|
TOTAL
BUDGETED EXPENSES |
|
BUDGETED
EXPENSES:
|
|
|||||||||||
|
|
|
2005
|
|
2006
|
|
2007
|
|
2008
|
|
||||||
Sales
and Marketing
|
|
$
|
22,434,746
|
|
$
|
777,679
|
|
$
|
3,225,540
|
|
$
|
6,269,227
|
|
$
|
12,162,300
|
|
Engineering
and
Production
|
|
3,336,055
|
|
199,636
|
|
519,383
|
|
934,756
|
|
1,682,280
|
|
|||||
Executive
|
|
714,108
|
|
165,236
|
|
174,022
|
|
182,809
|
|
192,041
|
|
|||||
Administrative
|
|
1,306,812
|
|
248,573
|
|
329,908
|
|
352,242
|
|
376,089
|
|
|||||
Total
|
|
$
|
27,791,721
|
|
$
|
1,391,124
|
|
$
|
4,248,853
|
|
$
|
7,739,034
|
|
$
|
14,412,710
|
|
ASSETS
|
|||||||
2005
|
2004
|
||||||
CURRENT
ASSETS
|
|||||||
Cash
and cash equivalents
|
$
|
2,252
|
$
|
6,352
|
|||
Accounts
receivable, net
|
-
|
550,578
|
|||||
Inventory,
net
|
25,000
|
85,572
|
|||||
Prepaid
expenses and other assets
|
-
|
4,000
|
|||||
27,252
|
646,502
|
||||||
PROPERTY
AND EQUIPMENT - Net
|
174,793
|
124,555
|
|||||
OTHER
ASSETS
|
|||||||
Due
from related parties
|
838,150
|
-
|
|||||
838,150
|
-
|
||||||
|
|||||||
TOTAL
ASSETS
|
$
|
1,040,195
|
$
|
771,057
|
|||
LIABILITIES
AND STOCKHOLDERS' EQUITY (DEFICIT)
|
|||||||
CURRENT
LIABILITIES
|
|||||||
Current
portion of long-term debt
|
$
|
18,420
|
$
|
18,420
|
|||
Accounts
payable and accrued expenses
|
216,270
|
169,989
|
|||||
Current
portion of debt - related parties
|
8,319
|
109,761
|
|||||
Liability
for stock to be issued
|
224,900
|
200,000
|
|||||
467,909
|
498,170
|
||||||
LONG-TERM
DEBT - Net of Current Portion
|
32,765
|
51,184
|
|||||
LONG-TERM
DEBT - RELATED PARTIES - Net of Current Portion
|
-
|
107,190
|
|||||
TOTAL
LIABILITIES
|
500,674
|
656,544
|
|||||
STOCKHOLDERS'
EQUITY (DEFICIT)
|
|||||||
Common
stock, no par value, 100,000,000 shares authorized at
|
|||||||
December
31, 2005 and 2004; 8,460,000 shares issued
|
|||||||
and
outstanding at December 31, 2005 and 2004
|
5,000
|
5,000
|
|||||
Additional
paid-in capital
|
671,700
|
671,700
|
|||||
Accumulated
deficit
|
(137,179
|
)
|
(562,187
|
)
|
|||
539,521
|
114,513
|
||||||
TOTAL
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
|
$
|
1,040,195
|
$
|
771,057
|
2005
|
2004
|
||||||
REVENUE
- sales
|
$
|
1,491,854
|
$
|
1,361,962
|
|||
TOTAL
REVENUE
|
1,491,854
|
1,361,962
|
|||||
TOTAL
COSTS OF GOODS SOLD
|
204,211
|
186,448
|
|||||
GROSS
PROFIT
|
1,287,643
|
1,175,514
|
|||||
OPERATING
EXPENSES
|
|||||||
Professional
fees and administrative payroll
|
342,545
|
233,664
|
|||||
General
and administrative expenses
|
279,429
|
325,872
|
|||||
Bad
debt expense - net of recovery
|
207,565
|
500,000
|
|||||
Depreciation
|
57,768
|
41,640
|
|||||
887,307
|
1,101,176
|
||||||
NET
INCOME BEFORE OTHER INCOME (EXPENSE)
|
400,336
|
74,338
|
|||||
OTHER
INCOME (EXPENSE)
|
|||||||
Interest
income and other
|
26,757
|
-
|
|||||
Interest
expense
|
(2,085
|
)
|
(82,253
|
)
|
|||
24,672
|
(82,253
|
)
|
|||||
NET
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES
|
425,008
|
(7,915
|
)
|
||||
Provision
for income taxes
|
-
|
-
|
|||||
NET
INCOME (LOSS) APPLICABLE TO COMMON SHARES
|
$
|
425,008
|
$
|
(7,915
|
)
|
||
NET
INCOME (LOSS) PER BASIC AND DILUTED SHARES
|
$
|
0.05
|
$
|
(0.00
|
)
|
||
WEIGHTED
AVERAGE NUMBER OF COMMON
|
|||||||
SHARES
OUTSTANDING
|
8,460,000
|
8,406,000
|
|
Additional
|
|||||||||
Common
Stock
|
Paid-In
|
Accumulated
|
|||||||
Shares
|
Amount
|
Capital
|
Deficit
|
Total
|
|||||
Balance,
January 1, 2004
|
8,244,000
|
$
5,000
|
$
347,700
|
$
(554,272)
|
$
(201,572)
|
||||
Issuance
of common stock in connection
|
|||||||||
with
the merger of SMA
|
200,000
|
-
|
300,000
|
-
|
300,000
|
||||
Issuance
of common stock in exchange
|
|||||||||
for
cash
|
16,000
|
-
|
24,000
|
-
|
24,000
|
||||
Net
(loss) for the year
|
-
|
-
|
-
|
(7,915)
|
(7,915)
|
||||
Balance,
December 31, 2004
|
8,460,000
|
#
|
5,000
|
#
|
671,700
|
#
|
(562,187)
|
114,513
|
|
Net
income for the year
|
-
|
-
|
-
|
425,008
|
425,008
|
||||
Balance,
December 31, 2005
|
8,460,000
|
$5,000
|
$671,700
|
($137,179)
|
$539,521
|
2005
|
2004
|
||||||
CASH
FLOWS FROM OPERATING ACTIVITIES:
|
|||||||
Net
income (loss)
|
$
|
425,008
|
$
|
(7,915
|
)
|
||
Adjustments
to reconcile net income (loss)
|
|
|
|||||
to
net cash provided by operating activities:
|
|||||||
Depreciation
|
57,768
|
41,640
|
|||||
Provision
for losses on accounts receivable
|
707,565
|
500,000
|
|||||
Changes
in assets and liabilities:
|
|
|
|||||
(Increase)
in accounts receivable
|
(156,987
|
)
|
(478,680
|
)
|
|||
(Increase)
decrease in inventory
|
60,572
|
(47,181
|
)
|
||||
Decrease
in prepaid expenses and other current assets
|
4,000
|
51,144
|
|||||
Increase
in accounts payable and accrued expenses
|
20,673
|
17,029
|
|||||
Total
adjustments
|
693,591
|
83,952
|
|||||
Net
cash provided by operating activities
|
1,118,599
|
76,037
|
|||||
|
|
|
|||||
CASH
FLOWS FROM INVESTING ACTIVITIES:
|
|||||||
Acquisition
of property and equipment
|
(108,006
|
)
|
(63,141
|
)
|
|||
Increase
in interest receivable - related party
|
(26,650
|
)
|
-
|
||||
Proceeds
from related parties
|
551,918
|
-
|
|||||
Payments
to related parties
|
(1,363,418
|
)
|
-
|
||||
Net
cash (used in) investing activities
|
(946,156
|
)
|
(63,141
|
)
|
|||
CASH
FLOWS FROM FINANCING ACTIVITIES:
|
|
|
|||||
Increase
in liability for stock to be issued
|
24,900
|
-
|
|||||
Payments
on long-term debt
|
(18,419
|
)
|
(18,420
|
)
|
|||
Payments
on debt-related party
|
(183,024
|
)
|
(235,192
|
)
|
|||
Common
stock issuance
|
-
|
200,000
|
|||||
Net
cash (used in) financing activities
|
(176,543
|
)
|
(53,612
|
)
|
|||
NET
(DECREASE) IN CASH AND CASH EQUIVALENTS
|
(4,100
|
)
|
(40,716
|
)
|
|||
|
|
|
|||||
CASH
AND CASH EQUIVALENTS - BEGINNING OF YEAR
|
6,352
|
47,068
|
|||||
|
|
|
|||||
CASH
AND CASH EQUIVALENTS - END OF YEAR
|
$
|
2,252
|
$
|
6,352
|
|||
SUPPLEMENTAL
DISCLOSURE OF CASH FLOW INFORMATION:
|
|||||||
Cash
paid during the year for interest
|
$
|
2,085
|
$
|
82,253
|
|
|
Balance
|
|
Charged
|
|
|
|
Balance
|
|
||||
|
|
at
Beginning
|
|
to
Costs
and
|
|
|
|
at
End
of
|
|
||||
|
|
of
Period
|
|
Expenses
|
|
Deductions
|
|
Period
|
|
||||
|
|
|
|
|
|
|
|
|
|
||||
Year
ended December 31, 2005
|
|
$
|
-
|
|
$
|
-
|
|
$
|
-
|
|
$
|
-
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year
ended December 31, 2004
|
|
$
|
-
|
|
$
|
-
|
|
$
|
-
|
|
$
|
-
|
|
December
31,
|
|||||||
2005
|
2004
|
||||||
Net
income
|
$
|
425,008
|
$
|
(7,915
|
)
|
||
Weighted-average
common shares outstanding
|
|||||||
Basic
|
8,460,000
|
8,406,000
|
|||||
Weighted-average
common stock equivalents
|
|||||||
Stock
options
|
-
|
-
|
|||||
Warrants
|
-
|
-
|
|||||
Weighted-average
common shares outstanding
|
|||||||
Diluted
|
8,460,000
|
8,406,000
|
2005
|
2004
|
||||||
Accounts
receivable
|
$
|
707,565
|
$
|
1,050,578
|
|||
Less
allowance for doubtful accounts
|
707,565
|
500,000
|
|||||
Total
accounts receivable
|
$
|
-
|
$
|
550,578
|
2005
|
2004
|
||||||
Equipment
|
$
|
125,327
|
$
|
71,461
|
|||
Furniture
and Fixtures
|
112,022
|
57,882
|
|||||
Transportation
Equipment
|
54,621
|
54,621
|
|||||
291,970
|
183,964
|
||||||
Less:
accumulated depreciation
|
117,177
|
59,409
|
|||||
Net
Book Value
|
$
|
174,793
|
$
|
124,555
|
2006
|
$
|
30,000
|
||
2007
|
15,000
|
|||
$
|
45,000
|
2005
|
||||
Current
tax expense
|
$
|
132,400
|
||
Benefit
of loss carry forward
|
(132,400
|
)
|
||
Net
current expense
|
$
|
-
|
|
|
Annual
Compensation
|
Long
Term
Compensation
|
|
|||
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
Name
and Principal
Position
|
Year
|
Salary
$
|
Bonus
$
|
Other
Annual Compensation
$
|
Stock
Grants #
|
All
Other
Compensation
$ (1)
|
|
|
|||||||
Antonio
F. Uccello, III
Chief
Financial
Officer
|
2005
|
125,000
|
0
|
0
|
0
|
11,194
|
|
Andrei
A. Troubeeg
Vice
President,
Engineering
|
2005
|
41,200
|
0
|
0
|
|
11,721
|
|
Charles
A. Pearson, III
Vice
President
Sales
and Marketing
|
2005
|
23,847
|
0
|
0
|
0
|
1,613
|
Title
of Class
|
Name
and Address
Of
Beneficial Owner
|
Amount
and Nature
Of
Beneficial Owner
|
Percent
of Class
|
Common Stock,
No
Par Value
|
Antonio F. Uccello,
III(1)
2100 19th
Street
Sarasota, FL
34234
|
4,059,600(1)
|
49%(1)
|
Common Stock,
No
Par Value
|
Abraham
Uccello(1)
637 Mecca
Dr.
Sarasota, FL
34234
|
2,388,000(1)
|
29%(1)
|
Common Stock,
No
Par Value
|
Salvatore
Uccello(1)
6527 Waterford
Circle
Sarasota, FL
34238
|
716,400(1)
|
9%(1)
|
Common Stock,
No
Par Value
|
Roger P.
Nelson(1)
14 Giovanni
Drive
Waterford, CT
06385
|
796,000
|
10%(1)
|
Totals for Class
as
a
Whole
|
|
7,960,000(1)
|
97%
|
(1)
Title
of Class
|
(2)
Name
and Address
Of
Beneficial Owner
|
(3)
Amount
and Nature
Of
Beneficial Owner
|
(4)
Percent
of Class
|
Common Stock,
No
Par Value
|
Antonio F. Uccello,
III(1)
2100 19th
Street
Sarasota, FL
34234
|
4,059,600(1)
|
49.24%(1)
|
Common Stock,
No
Par Value
|
Stephen R.
MacNamara(2)
1071
Meyers Park
Drive
Tallahassee, FL
32301
|
30,000
|
.364%
|
Common Stock,
No
Par Value
|
Thomas
Bachman(3)
2960 S. McCall Road,
Ste
210
Inglewood, FL
34224
|
-
|
-
|
Common Stock,
No
Par Value
|
Andrei A.
Troubeev(4)
7736 37th Court
E.
Sarasota,
FL
|
-
|
-
|
Common Stock,
No
Par Value
|
Charles A. Pearson,
III(5)
6138 Turnbury Park
Dr.
Apt.
6301
Sarasota, FL
34234
|
-
|
-
|
Totals for Class
as
a
Whole
|
|
4,089,600
|
49.60%
|
Exhibit
Number
|
Description
of Exhibit
|
3.1
|
Amended
Articles of Incorporation of Sign Media Systems, Inc. Incorporated
by
reference from our Form 10-SB filed as of May 4, 2004.
|
3.2
|
By-Laws
of Sign Media Systems, Inc. Incorporated by reference from our Form
10-SB
filed as of May 4, 2004.
|
4.1
|
Specimen
Certificate of the Common Stock of Sign Media Systems, Inc. Incorporated
by reference from our Form 10-SB filed as of May 4,
2004.
|
10.1
|
Agreement
and Plan of Merger Among American Powerhouse, Inc., Sign Media Systems
Acquisition Company, Inc. and Sign Media Systems, Inc. Incorporated
by
reference from our Form 10-SB/A Third Amendment filed as of February
9,
2005.
|
10.2
|
Distribution
Agreement between Sign Media Systems, Inc. and Applied Advertising
Network, LLC. Incorporated
by reference from our Form 10-SB/A Third Amendment filed as of February
9,
2005.
|
10.3
|
Promissory
Note and Loan Agreement between GO! AGENCY, LLC and Sign Media Systems,
Inc. Incorporated
by reference from our Form 10-SB/A Third Amendment filed as of February
9,
2005.
|
10.4
|
Promissory
Note and Loan Agreement between Olympus Leasing Company and Sign
Media
Systems, Inc. Incorporated
by reference from our Form 10-SB/A Third Amendment filed as of February
9,
2005.
|
10.5
|
License
Agreement for the acquisition of technology. Incorporated by reference
from our Form 10-SB/A Fourth amendment filed as of April 1,
2005.
|
10.6
|
Contribution
Agreement. Incorporated by reference from our Form 10-SB/A Fourth
amendment filed as of April 1, 2005.
|
14.1
|
Code
of Ethics. Incorporated by reference from our Form 10-SB filed as
of May
4, 2004.
|
16.4
|
Letter
on change in certifying accountant. Incorporated
by reference from our Form 10-SB/A Sixth Amendment filed as of September
9, 2005.
|
21.
|
Our
Subsidiaries. Incorporated by reference from our Form 10-SB filed
as of
May 4, 2004.
|
31.1
|
Certification
of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as
adopted
pursuant to Section 302 of the Sarbanes-Oxley Act of
2002
|
31.2
|
Certification
of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as
adopted
pursuant to Section 302 of the Sarbanes-Oxley Act of
2002
|
32.1
|
Certification
of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as
adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of
2002
|
32.2
|
Certification
of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as
adopted
pursuant to Section 906 of the Sarbanes-Oxley Act of
2002
|
|
2005
|
|
2004
|
Audit
Fees
|
$
23,000
|
|
$
29,500
|
Audit Related
Fees
|
$
-0-
|
|
$
-0-
|
Tax Fees
|
$
-0-
|
|
$
-0-
|